Updated over 10 years ago on . Most recent reply
A modest proposal on Wholesaling
I have read up on strategies on dealing with the possible angry seller ("you made HOW MUCH??) and I don't like either of the two I have seen; double closing (with the high costs) or HUD-1s that don't reveal the purchase price to the seller. I can only imagine how tense such a closing would be.
What if you were up front with the seller; I'm going assign this contract and yes I'm going to make some money. But what about agreeing to give the seller a cut of your profit?